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$950,00012465 Silver Bay Circle
For Sale15 days on market

12465 Silver Bay Circle

Indianapolis, Indiana 46236

Admirals Bay

$950,000

$975,000

Schedule a Showing

6

Beds

5

Baths

5,279

Sq Ft

1996

Year Built

0.43

Acres

Sheldon Barnes, Carmel Realtor

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ABOUT THIS HOME

A rare opportunity on Geist Reservoir with one of the most sought-after features in the area, a deeded boat dock. This 6 bedroom, 5 full bathroom home offers 5,279 square feet designed to fully capture the lake lifestyle. Direct water access allows for effortless boating, entertaining, and everyday enjoyment on Geist, setting this property apart from anything else on the market. Inside, the main level features an open-concept layout anchored by an updated kitchen with stainless steel appliances, extensive cabinetry, a large center island, and walk-in pantry. A double-sided fireplace connects the kitchen and great room, while soaring ceilings and expansive windows bring in natural light and highlight the views. The layout offers flexibility with a main-level bedroom and full bath, ideal for guests or multigenerational living, along with a private office with French doors and a formal dining room with butler's pantry. Dual staircases add both convenience and architectural appeal. Upstairs, the primary suite is expansive with tray ceilings, a large en-suite bath featuring a jacuzzi tub and dual-head shower, and a walk-in closet with additional space for storage or expansion. Additional bedrooms include both en-suite and Jack-and-Jill configurations, plus a conveniently located laundry room. The walk-out lower level is built for entertaining, complete with a full wet bar, multiple living areas, built-in speakers, and direct access to the patio. A sixth bedroom and full bath provide excellent space for guests or extended stays. With a large deck, quality finishes throughout, and a layout designed for both everyday living and entertaining, this home delivers. The deeded dock on Geist Reservoir is the centerpiece, ideally positioned in one of the most desirable coves just off the main body. Centrally located on the reservoir, it offers quick access to the Marina, Wolfies Grill, and the full lake, delivering a lifestyle that few properties can match.

Listed by Matthew Steed· Engel & Volkers· MLS# 22093814

Key things to know

  • Deeded boat dock on geist reservoir
  • Walk-out basement with wet bar and built-in speakers
  • Main-level bedroom and bath for guests or multigenerational living
  • Primary suite with jacuzzi tub and dual-head shower
  • Open-concept kitchen with island and walk-in pantry

Browse by room

16 rooms · 60 photos

Monthly payment

Estimate · $950,000

$5,778/mo

$5,056 principal & interest · $678 tax · $44 HOA

Estimate only. Actual payment depends on lender, taxes, insurance, and HOA. Down payment $190,000 on a loan of $760,000.

Price history

  1. Price reduced$975,000 → $950,000

    Apr 24, 2026

  2. Listedat $975,000

    Apr 10, 2026

Sold
6
Median price
$495,000
Median DOM
19 days

Comparative value

5 comps in this range

This home is 29% above median for similar nearby sales.

$510K$1.6MMedian $734K
$950K

Want to know anything specific? Ask about updates, finishes, the basement, the yard — I read the listing's photos, MLS data, and remarks and cite what I find.

FEATURES & AMENITIES

Interior

Attic AccessBreakfast BarHigh CeilingsTray Ceiling(s)Ceiling VaultedKitchen IslandEntrance FoyerPaddle FanHardwood FloorsHi-Speed Internet AvailblIn-Law ArrangementEat-in KitchenPantryWalk-In Closet(s)Wet BarWood Work Painted

Exterior

Exterior Handicap AccessibleSprinkler System

Climate

Heat: Forced AirHeat: High Efficiency (90%+ AFUE )Heat: Natural GasCool: Central AirCool: High Efficiency (SEER 16 +)

THE FACTS

Pricing trajectory, room-by-room layout, schools, and what's nearby.

Price history

  • $975,000Listed· Apr 10, 2026

  • $950,000Reduced

    $25,000 (2.6% off original)

15 days on market

Layout

Main
116 rooms1,762 sq ft
Upper
435 rooms1,755 sq ft
Basement
113 rooms1,762 sq ft finished

Primary suite

Closet Walk in,Fireplace,Sitting Room

Primary bath

Shower Stall Full,Sinks Double,Suite,Tub Whirlpool

Schools

MSD Lawrence Township

  • Elementary

    Amy Beverland Elementary

  • Middle

    Belzer Middle School

  • High

    Lawrence Central High School

Neighborhood

  • Fishers High School4.8 mi
  • Conner Prairie4.9 mi
  • Hamilton Southeastern HS5.1 mi
  • Hamilton Town Center5.3 mi
  • IU Health North Hospital7.5 mi
  • Monon Trail (Carmel)9.7 mi

PROPERTY DETAILS

Combined data from the listing and Hamilton County records

Living Area

5,279 sq ft

Year Built

1996

Stories

Two

Subdivision

Admirals Bay

Bedrooms

6

Bathrooms

5 full

Garage

3 spaces

School District

MSD Lawrence Township

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